1. FACILITATOR:
Saad Salman Yousafi
(AM Audit – TAGM & CO;)
EXTERNAL AUDIT

3.  Assurance & Non Assurance Engagements;
 Audit & Review Assignments,
 Internal & External Audits;
 Statutory Audits;
 Audit Risks;
 Audit Materiality;
 Audit Tests & Procedures;
 Under & Overreliance;
 Efficiency & Effectiveness;
 Audit Evidences;
 Audit Assertions; &
 Audit Sampling

4.  IFRSs Framework;
 Principle Based Vs Rule Based;
 Cost & Fair Value Basis;
 Prudence Concepts, Matching Concepts, Accrual Concepts, Going
Concerns, Netting Off.
 Assets, Liabilities, Equity, Funds, Incomes, Expenditures, OCI, Provisions,
Contingent Assets & Liabilities, Deferred Assets & Liabilities,
 Inventory Valuation (FIFO/ WA)
 Inventory Measurements (COST/NRV);
 Property, Plant & Equipment;
 Deferred Taxation;
 Lease Treatments;
 Forex Gain/ Loss, Monitory & Non Monitory Assets;
 Consolidations;
 EPS, Impairments, Intangibles;
 Financial Instruments, Hedges, Derivatives, AFTPL, AFS, HTM, Loans &
Receivables ;
 Investment Property, & Agricultures

6.  Income Tax Ordinance;
 Sales Tax & FEDs;
 Companies Ordinance;
 Listing Regulations , NBFCs, FERA, SEO &
Other Laws;
 Trust Acts, Societies Act & Other Labor Laws;
 IFRSs Framework;
 IASs Frameworks;
 ISQCs;
 4th & Fifth Schedules;
 ICAP pronouncements, Technical Releases,
Disclosures on SSE, MSE & ESE;

8.  Ongoing Process, Pre, Plan & Post;
 Client Acceptance;
 Client Hierarchy;
 HR, Financial, Procurements, Marketing etc.
manuals
 Planning Levels;
 Audit Scope & Limitations;
 Planning Objectives;
 Understanding the Entity, Environment &
Internal Controls;
 Audit Risk & Materiality;
 BPRs & System Notes;
 Internal Control Monitoring;

9. EXCELLENT
POOR
WORST

10.  File Types;
Types Reference Legend
Permanent P
Planning AP
Balance Sheet A-Z
P & L AA-ZZ
Finalization AF
 File Symmetry;
 Main Indexing;
 Sub Indexing;
 Documents Sequence & Relevancy
 Audit Ticks;
 Color Used;
 Referencing Types- Straight & Cross;
 Referencing Types- Inter Files & Interfiles;